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Tag Archive | "FOMC"

Fed Reserve Basics: What is the Federal Reserve?

The question ‘What is the Federal Reserve?’ has been asked countless times by countless news watchers and home owners that are trying to understand how the FED affects mortgage rates and finance in general.  Known as the Fed, this body is the independent central bank of the United States. So why all the uncertainty? Most […]

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Mortgage Wrap Up for the Week Ending September 7, 2012

Mortgage rates have fallen consecutively over the past two weeks. Today saw disappointing employment data released that further pushed mortgage rates closer to all time historic lows. While the employment data wasn’t entirely negative with 96,000 new jobs nationwide last month, it was lower than forecasted and confirmed an overall slowdown in job growth throughout 2012. Other […]

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Ben Bernanke Gives Semiannual Monetary Policy Report to the Congress

This morning Ben Bernanke testified before Congress delivering his Semiannual Monetary Policy Report. The report concludes that unemployment is still high and the reduction of the unemployment rate is taking longer than desirable. The report also reaffirms previous FED statements that the FED will keep rates exceptionally low at least through 2014. Semiannual Monetary Policy […]

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Mortgage Rate Wrap Up for the Week of July 13, 2012

Mortgage rates have moved up slightly today, ending an unprecedented move downward that saw mortgage rates move down every day since last Friday. The market will be watching US Economic data and any news coming out of Europe for any clues as to where mortgage rates go from here. We’ve consistently made new all time […]

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Post FOMC Meeting Mortgage Rate Update

When the FOMC (Federal Open Market Committee) convened their fifth of eight annual meetings on Wednesday, they voted to leave the Fed Funds Rate unchanged at  0.000-0.250 percent. The Fed Funds Rate is the rate at which banks lend money to each other overnight. The FOMC also noted that they saw moderate expansion in the economy this […]

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Day of the FED: Mortgage Rate Outlook

Today will mark the end of the two day FOMC (Federal Open Market Committee) or FED meeting that began on Monday and is the fourth or eight annual meetings. Once the meeting has finished, the FOMC will release a press release with its commentary on recent economic data, world events that might affect US markets […]

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Mortgage Rate Outlook for the Week of June 18, 2012

Last week saw mortgage rates improve considerably towards the end of last week, setting and then ending near all time lows, a story we’ve reported over and over again in the past weeks and months. Going into the weekend, the big event of the weekend was the Greek vote that took place on Sunday. Since […]

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Mortgage Wrap Up for Week Ending June 8, 2012

The first few days of the week saw mortgage rate rising slightly on rumors of pending stimulus actions by US and European governments. The course has reversed over the past few days as mortgage rates have moved back to their best levels of the week. In fact, Freddie Mac announced yesterday that yet again, mortgage […]

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Mortgage Rate Wrap Up for the Week of May 18, 2012

Today saw mortgage rates improve today, albeit in a marginal way. This has been a busy week with European / Greek drama, a Facebook IPO, new historic record low mortgage rates and a release of the FOMC (Federal Open Market Committee) minutes from their last meeting. Europe Dominates Headlines Again We started the week with […]

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Mortgage Rate Outlook for May 16, 2012

Yesterday saw mortgage rates take a breather from their downward path, despite breaking all time historic lows last week and mounting downward pressure in the form of European debt issues. The political and economic turmoil in Europe that market watchers have been observing for months has begun to frenzy as Greece looks to possibly stop […]

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